notes - Mauritius Housing MHC

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FINANCIAL statements INCOME STATEMENT - FOR THE YEAR ENDED 30 JUNE 2002 Notes 2002 2001 Rs’000 Rs’000 Interest income 2 620,737 574,327 Interest expense 3 (449,822) (407,413) Net interest income 170,915 166,914 Other income 4 29,397 35,596 200,312 202,510 Operating expenses 5 (66,558) (57,464) Operating profit before provision 6 133,754 145,046 General provision 12 (2,200) (25,208) Net profit 131,554 119,838 Dividends 7 (17,102) (15,000) Transfer to General Reserve 8 (19,733) (17,976) Retained profit for the year 94,719 86,862 Rs Rs Earnings per share 9 13.16 11.98 ANNUAL REPORT 2001 - 2002 The notes on pages 11 to 28 form an integral part of these financial statements. 32
BALANCE SHEET - 30 JUNE 2002 Notes 2002 Restated 2001 Rs’000 Rs’000 ASSETS NON-CURRENT ASSETS Property, plant and equipment 10 224,940 121,572 Housing estates 11 4,783 4,783 Non-current receivables 12 4,961,925 4,736,109 5,191,648 4,862,464 CURRENT ASSETS Trade and other receivables 13 287,137 398,620 Cash in hand and at bank 731,871 229,957 1,019,008 628,577 TOTAL ASSETS 6,210,656 5,491,041 ANNUAL REPORT 2001 - 2002 The notes on pages 11 to 28 form an integral part of these financial statements. 33
Page 1 and 2: Annual Report 2001 - 2002
Page 3 and 4: CONTENTS 1. Our Vision 4 2. Our Mis
Page 5 and 6: Mission Our Mission To help as many
Page 7 and 8: REGISTERED OFFICE MHC Building, Rev
Page 9 and 10: SENIOR Management Mr. L. D UNMOLE M
Page 11 and 12: The Directors are pleased to presen
Page 13 and 14: CORPORATE Governance MHC is committ
Page 15 and 16: MANAGING DIRECTOR’S REPORT 15
Page 17 and 18: However, MHC’s dedication to plac
Page 19 and 20: Reserves have in consequence increa
Page 21 and 22: 3.5.1 Loans Approved During the yea
Page 23 and 24: 3.5.5 TOTAL LOANS APPROVED - (MAURI
Page 25 and 26: 3.8 NEW SCHEMES/ SERVICES With the
Page 27 and 28: The strength of the company is depi
Page 29 and 30: REPORT FROM THE SECRETARY TO THE ME
Page 31: Auditors’ report to the members o
Page 35 and 36: STATEMENT OF CHANGES IN EQUITY FOR
Page 37 and 38: NOTES financial to the STATEMENTS F
Page 39 and 40: NOTES financial to the STATEMENTS (
Page 41 and 42: NOTES financial to the STATEMENTS 4
Page 45 and 46: NOTES financial to the STATEMENTS 1
Page 51 and 52: NOTES FOR THE YEAR ENDED 30 JUNE 20
Page 53 and 54: NOTES FOR THE YEAR ENDED 30 JUNE 20

notes - Mauritius Housing MHC

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